According to a report by the Federal reserve, industrial production in the U.S. in August decreased by 0.9% compared with the previous month, after rising 0.4% in July (revised from +0.2%).
Analysts had forecast growth in August increased by 0.1%.
Over the past 12 months, industrial production in the U.S. increased by 1.5%.
Utilization of production capacities in industrial enterprises of the United States in August was 76.1% vs 76.9% in the previous month (revised down from 76.7%).
On average, for 1972-2016 G. G. utilization of production capacity in the country amounted to 79.9%.
Over the last 12 months utilization of production facilities increased by 1.1 percentage points (PP).